CambodiaChheurt Kang
With a loan of EUR 9,000 Chheurt is able to buy fertilizer and invest in his pepper plantation.
€9,000
3.00%
24 months
6 months
EUR
Currency| Amount | €9,000 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mr. KANG Chheurt, 30, is a farmer and lives with his wife in Memot District, Tboung Khmum Province. To earn a living, he grows pepper on one hectare of farmland for more than 6 years to earn as a main income to support his family.
He is requesting a loan from KREDIT to buy fertilizer and to reinvest in pepper plantation. He believes that the pepper planation is making much more profit.
| Company name | Phillip Bank |
| CEO | Chheurt Kang |
| Founded | 2010-01-01 |
| Location | Memot |
| Sector | Agriculture |
| Turnover | €29,792.72 |
| Employees | 1 |
Impact
Phillip Bank is a microfinance institution in Cambodia that invests in people and their businesses via Micro-loans. By providing working capital to local entrepreneurs, they enable people in Cambodia to further expand their businesses and reach their potential for business growth and job creation.
Micro-loans are an effective tool against poverty. Research has shown that communities with more viable small local businesses have more balanced economies and higher average prosperity levels. Their turnover mainly flows back to their communities, ensuring economic growth and stability. The capital provided by Phillip Bank works towards sustainably improving families' financial well-being in rural and urban communities.
SDG’s impacted
With this project you are contributing to the following Sustainable Development Goals:
SDG 1. No poverty
SDG 8. Decent work and economic growth
Read more about the impact you can make through our platform and the SDGs on our impact page.
- With this investment 3 jobs are created
- With this investment 12 lives are improved